Midwest Househacking Advice

[Jacob Skeen]

Someone who is looking to FIRE and know that the best way to make a huge advancement is by house hacking. My question is this. I live in the Lincoln Nebraska area and want to know.

Is it better to go for something like a triplex or 4-plex or go more for say a SFH with 4-5 bedrooms 3 baths and rent out the rooms? I would think in terms of cash flow and life after house hacking the 4 plex would be better but am unsure. Would love to get opinions and the pros and cons of each.

[Kyle Johnson]

I'm in Minneapolis. I started House Hacking a single-family home and it completely set me financially free. It was 4 Bedrooms so I cash flowed $700 a month while I lived there. I recently bought a tri-plex and moved into it. I don't cash flow well, but I have my own unit and it covers just over my mortgage. My suggestion is to run the numbers first, but if you don't mind living with people, my guess is if you find a big house and rent by room it will cash flow better.